Position Overview
Job Title: Performance & Reward Senior Analyst
Location: Mumbai, India
Corporate Title: AVP
Role Description
This position is a part of the India HR team responsible for managing the Performance and Reward processes and delivering the Performance and Reward products and solutions for DB India across divisions (:24000+ FTE’s). The role holder will provide ongoing Performance and Reward education to HR and business to ensure understanding of reward processes and governance requirements. This position is also responsible for ensuring fulfilment of statutory and regulatory requirements within the Performance and Reward context.
What We’ll Offer You
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your Key Responsibilities
Key Relationships/ Interactions:
- India HR Team
- Regional Performance and Reward Team
- HR Business Partners/ Advisors
- Corporate Insurance
- Finance
- Group Tax
- Legal
- Corporate Communication
- Corporate Services
- External Service Providers
- Auditors
- Regulators (RBI, Labor department etc.)
Key Requirements:
- Implementation and application of global Performance and Reward processes and products in India.
- Ensure compliance with global/ local statutory/ regulatory requirements and face off with auditors/ regulators (Reserve Bank of India / Labor departments)
- Ensure local regulatory requirements regarding CEO compensation (submission, approvals etc.) and other Reward related compliance aspects
- Manage the internal and external audits pertaining to the reward processes.
- Support in the review and implementation of Labour Code changes, once mandated by the labour department.
- Perform regular and ad-hoc analytics to review and support proposals as per business need.
- Manage compensation benchmarking exercise including liaison with global Performance and Reward, and external service providers
- Local coordination of global annual year end compensation process, any off-cycle processes and for mid-year progression.
- Education of HR teams and businesses on DB’s Performance and Reward philosophy, practices and decision-making processes to ensure understanding and adherence to Performance and Reward processes and governance requirements
- Manage external service providers in necessary engagement with internal DB stakeholders
- Develop first-level proposals for any new Performance and Reward initiatives/ adaptations for India and engage global Performance and Reward
- Manage local Performance and Reward communication requirements including employee handbooks and HR Connect content
- Provide Performance and Reward advisory expertise for the solution of local business needs, complex individual queries, project-related initiatives and general implementation of Performance and Reward products and solutions. Work closely with HRBP / BAC and other teams.
- Support COEs to build understanding of reward framework and other performance and compensation related advisory aspects
- Local facilitation for DB compensation plans and benefit programs and governance requirements
- First level conceptualization and engagement on local EVP delivery including benefit and wellness programs
Your Skills And Experience
- 5-8 years of relevant experience into Performance and Reward area would be essential
- Impactful communication and influencing skills
- Advanced spreadsheet skills
- Understanding of HR applications
- Understanding of India labour law and regulatory landscape
- Strong business acumen
- Project management ability
- Strong analytical skills
Recommended key competencies
- Client and Service Orientation
- Collaboration and Teamwork
- Openness to Innovation and Change
- Performance Orientation
- Assertive and resilient
- Integrity, Trust and Fairness
- Highly numerate
- Analytical Skills
- Cost and Risk Management
How We’ll Support You
- Training and development to help you excel in your career
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
About Us And Our Teams
Please visit our company website for further information:
https://www.db.com/company/company.htm
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.We welcome applications from all people and promote a positive, fair and inclusive work environment.
